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DOLLAR GENERAL (SHREVEPORT MSA) 6848 W Bert Kouns Industrial Loop Shreveport, LA 71129 TABLE of CONTENTS

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DOLLAR GENERAL (SHREVEPORT MSA) 6848 W Bert Kouns Industrial Loop Shreveport, LA 71129 TABLE of CONTENTS NET LEASE INVESTMENT OFFERING Representative Image DOLLAR GENERAL (SHREVEPORT MSA) 6848 W Bert Kouns Industrial Loop Shreveport, LA 71129 TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile II. Property Overview III. Location & Tenant Overview Executive Summary Site Plan Location Overview Investment Highlights Map Demographic Report Property Overview Tenant Overview NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended STATEMENT: to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY & INVESTMENT HIGHLIGHTS EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property located in SUMMARY: Shreveport, LA. Shreveport is the third-largest city in the state of Louisiana and is the seat of Caddo Parish. The Dollar General was constructed in 2016. The Dollar General lease is for fifteen years. The lease features 10% rental escalations in each of the three 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities. The 9,002 square foot Dollar General building is strategically located along West Bert Kouns Industrial Loop. The property is positioned approximately two miles south of Interstate 20. There are over 33,000 people living within a three mile radius of the property. This Dollar General is located on a large 3.41 acre land parcel. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $26 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states. INVESTMENT • Located in Shreveport HIGHLIGHTS: • Investment grade rated tenant (S&P: BBB) • Long term lease with approximately 15 years remaining • 10% rental escalations in each renewal option period • Absolute triple net lease with no landlord responsibilities • New construction (2016) • Large land parcel (3.41 acres) • Over 33,000 people living within a five mile radius of the property • Approximately two miles south of Interstate 20 NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW PROPERTY Price: $1,508,823 OVERVIEW: Cap Rate: 6.50% Rent Schedule: NOI Escalation Date $97,113 $106,825 9/1/2031 (Option 1) $117,507 9/1/2036 (Option 2) $129,258 9/1/2041 (Option 3) Rent Commencement Date: August 2016 (Estimated) Lease Expiration Date: August 2031 (Estimated) Renewal Options: Three 5-Year Rental Escalations: 10% in Each Option Tenant: Dollar General Credit Rating: Investment Grade – S&P: BBB Year Built: 2016 Lease Type: NNN – No Landlord Responsibilities Building Size: 9,002 SF Land Size: 3.41 Acres NET LEASE INVESTMENT OFFERING SITE PLAN HWY 526 BERT KOUNS INDUSTRIAL LOOP NET LEASE INVESTMENT OFFERING MAP NET LEASE INVESTMENT OFFERING LOCATION OVERVIEW & DEMOGRAPHIC REPORT LOCATION Shreveport is the third-largest city in the state of Louisiana and is the seat of Caddo Parish. Shreveport OVERVIEW: extends along the Red River into neighboring Bossier Parish. Bossier City is separated from Shreveport by the Red River. The population of Shreveport was 199,311 in 2010, and the Shreveport-Bossier City Metropolitan Area population exceeds 441,000. Shreveport is the commercial and cultural center of the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet. Shreveport is a major medical center of the region and state. The Louisiana State University Health Sciences Center Shreveport operates at expanded facilities once used by the former Confederate Memorial Medical Center. Major hospitals include Christus Schumpert, Willis Knighton, and the Shriners Hospital for Children. The largest employers in the Shreveport Metropolitan area include Barksdale Air Force Base, Caddo Public Schools, State of Louisiana and University Health. Barksdale Air Force Base is located in Bossier Parish across the river from Shreveport, which donated the land for its construction in the 1920s. Headquartered here are the Air Force Global Strike Command, 8th Air Force, 2d Bomb Wing, and 307th Wing. The primary aircraft housed here is the Boeing B-52 Stratofortress. DEMOGRAPHIC Population 3-Mile 5-Mile 7-Mile REPORT: Total Population 11,295 33,306 77,492 Total Households 4,766 13,811 31,134 Income 3-Mile 5-Mile 7-Mile Median Household Income $44,543 $45,793 $41,597 Average Household Income $59,638 $60,027 $57,384 NET LEASE INVESTMENT OFFERING TENANT OVERVIEW Dollar General Corporation is a discount retailer that provides various merchandise products in the 43 states throughout TENANT the U.S. The company offers consumable products, including paper and cleaning products comprising paper towels, bath OVERVIEW: tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods. In addition, the company offers apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB and a Moody’s rating of Baa2. On June 1, 2016, Moody’s upgraded Dollar General’s credit rating to Baa2 sighting their gross margin expansion and continued same store sales growth resulting in increasing profitability and strong credit metrics. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $23 billion. Company Website: www.dollargeneral.com Stock Symbol: NYSE: DG Market Capitalization: $23 Billion Standard & Poor’s Rating: BBB Number of Total Stores: 12,483 Headquarters: Goodlettsville, TN NET LEASE INVESTMENT OFFERING Randy Blankstein President 847.562.0003 [email protected] Jimmy Goodman Partner 847.562.8500 [email protected] 666 Dundee Road, Suite 1801 Northbrook, IL 60062 www.bouldergroup.com Representative Image.
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